Latest
China Faces Deeper Deflation as Consumer Prices Hit Three-Year Low in November
China’s consumer prices experienced the steepest three-year drop in November, with a 0.5% decline both year-on-year and month-on-month, marking the sharpest drop since November 2020, according to data from the National Bureau of Statistics (NBS). The deepening factory-gate deflation raises concerns about deflationary pressures amid doubts over economic recovery. Analysts attribute this to falling global energy prices, reduced winter travel demand, and a persistent supply glut. The weak core Consumer Price Index (CPI) reading of 0.6% year-on-year emphasizes concerns about sluggish demand, prompting calls for strategic policies to foster sustainable growth
About The Author
Zabitah is a digital space dedicated to fostering open dialogue, understanding, and progress in our ever-evolving society. Zabitah believes in the power of unbiased information, constructive conversations, and diverse perspectives to shape a better tomorrow.
You Might Also Like
-
The World Bank has approved a loan of $102 million for Pakistan. According to the bank, the funds will be allocated for microcredit and microfinance initiatives, benefiting approximately 1.89 million individuals. Additionally, the World Bank stated that this financial suppo...
-
Senior politician Hafiz Hussain Ahmed has passed away after a prolonged illness. He was suffering from kidney disease and was associated with Jamiat Ulema-e-Islam (F).
Hafiz Hussain Ahmed was born in 1...
Facebook Comments